Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

“First impressions are everything when selling your home. Studies have shown that the first two weeks on the market are the most crucial to your success. During these initial days, your home will be exposed to all active buyers.

If your price is perceived as too high, you will quickly lose this initial audience and find yourself relying only on the trickle of new buyers entering the market each day. Markets are dynamic, and your price has an expiration date. You have one chance to grab attention. Make sure your pricing helps you stand out on the shelf — in a positive way.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may believe that he or she will make more money without having to pay a real estate commission, but studies have shown that homes typically sell for more money when handled by a real estate professional.

“the median selling price for all FSBO homes was $200,000 last year. However, homes that were sold with the assistance of an agent had a median selling price of $264,900 – nearly $65,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the money you get for your house.

Testimonials

“Kevin is fantastic and easy to work with. He explains the process really well and can make sure as buyers that we don’t make any costly mistakes. He has great knowledge of the local areas and found a lot of homes that fit my criteria.”

– Kiran B.

“I just used Kevin to sell my home and buy another and he did an absolute masterful job. I’ve been fortunate enough to have done several real estate transactions in the past 10 years and he is without question the best realtor I have ever worked with and provided a TON of value to my wife and I. There is no doubt that Kevin will be my go-to realtor from now on and I will recommend him to anyone I possibly can”

– Amit S

“Kevin is extremely knowledgable in the real estate industry! He is extremely professional and did an excellent job negotiating on my behalf. I strongly recommend using Kevin for your buying or selling needs!”

– Sharon M

“Our home was listed and sold within one day. The experience of working with Kevin Meyer was fantastic. He was very knowledgeable in all areas of listing, showing and completing the sale. We would definitely recommend Kevin Meyer to anyone selling their home.”

– Darrell P

“What more can I say, outstanding realtor. My husband and I highly recommend Kevin”

– Kai S

“He has great market knowledge and was very helpful in educating us on the local real estate landscape. I am so impressed with Kevin and strongly recommend him to anyone looking for a home in the greater Seattle area.”

– Gretchen V

I wouldn't hesitate for a second to recommend Kevin to a friend or family member. He was amazing to work with. Our real estate experience was phenomenal!

Steven H.

With over 13 years in sales and marketing throughout the Eastside and Seattle, Kevin is an expert in real estate for our marketplace. Kevin prides himself on his results focused work ethic and ability to facilitate transactions; his extraordinary customer service ensures that he over-delivers against his clients expectations. Read More…